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TAIFEX is expanding its central clearing service for OTC derivatives to USD/TWD Non Deliverable Forwards (NDFs). Launched in July 2022, the service incorporated voluntary central clearing services of TWD Interest Rate Swaps (IRSs) for inter-bank dealers in the first phase. The addition of USD/TWD NDFs to the service will meet the evolving needs of market participants. For a comprehensive clearing specification of USD/TWD NDFs, please visit here.
Furthermore, TAIFEX has amended its rules to allow end customers of clearing members to participate in the central clearing for OTC derivatives. The implementation date of these amendments will be announced in due course.
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